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54
TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Common Stock Treasury
Stock
Additional
Paid-In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity
Shares Amount
Balances, December 31, 2011 15,962 $ 164 $ (15,123) $ 7,656 $ 43,484 $ (1,422) $ 34,759
Stock-based compensation expense — — — 1,207 — — 1,207
Retirement of treasury stock (161) (1) 18,735 — (18,734) — —
Repurchase of common stock (439) — (11,510) — — — (11,510)
Foreign currency translation
adjustment — — — — 685 685
Net income — — — — 18,198 — 18,198
Balances, December 31, 2012 15,362 163 (7,898) 8,863 42,948 (737) 43,339
Stock-based compensation expense — — — 1,384 — — 1,384
Repurchase of common stock (371) — (7,764) — — — (7,764)
Shares fractionalized from reverse/
forward stock split, including
transaction costs (643) (6) (14,017) — — — (14,023)
Proceeds from sale of shares
fractionalized from reverse/forward
stock split, including transaction
costs 643 6 14,017 (820) 13,203
Foreign currency translation
adjustment — — — — — 207 207
Net loss — — — — (5,011) — (5,011)
Balances, December 31, 2013 14,991 163 (15,662) 10,247 37,117 (530) 31,335
Stock-based compensation expense — — — 982 — — 982
Income tax impact from stock
options (186)(186)
Repurchase of common stock (261) — (5,855) — — — (5,855)
Proceeds from sale of shares
fractionalized from reverse/forward
stock split, including transaction
costs — — — (347)(347)
Foreign currency translation
adjustment — — — — — (2,467)(2,467)
Net income — — — — 16,352 — 16,352
Balances, December 31, 2014 14,730 $ 163 $ (21,517) $ 11,043 $ 53,122 $ (2,997) $ 39,814
See accompanying notes to consolidated financial statements.